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Toni
Toni is a 51-year-old man who lives in Tripoli, northern Lebanon, with his wife and their three children. Toni has owned a vegetable shop for ten years. He sells all type of vegetables. Toni has requested a loan of 1200 US dollars from Al Majmoua in order to purchase merchandise and expand his business. This is the first time that Toni has requested a loan.


Toni is special in his work because he is known in his region and clients like going to his shop. His clients are his friends and neighbors. Toni decided on doing his business because he wanted to improve his income. In the future, he plans on expanding his business.

Additional Information

About Al Majmoua – Lebanese Association for Development

The Lebanese Association for Development – Al Majmoua is Lebanon’s leading microfinance institution and the oldest Kiva partner in Lebanon. Al Majmoua’s vision is to “be the leader in creating an inclusive financial system where all people in Lebanon have access to affordable services.” Given Lebanon's diverse population, Al Majmoua lends to all nationalities, provided legal residency. The strong financial position achieved to date has allowed Al Majmoua to steadily lower its pricing over the years.


Based on the belief that non-financial services play a complementary role in improving the quality of life of the most vulnerable entrepreneurs, Al Majmoua has established a solid Business Development Services program for both borrowers and non-borrowers with a focus on women and youth.

About Lebanon

  • $15,800
    Average annual income
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $15,795,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Toni to purchase merchandise and expand his vegetable shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 5, 2009
Listed
Mar 5, 2009
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2010